Chart Industries, Inc. (NYSE:GTLS) Receives Average Rating of "Buy" from Analysts

Shares of Chart Industries, Inc. (NYSE:GTLS - Get Free Report) have been given an average recommendation of "Buy" by the twelve analysts that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $200.00.

GTLS has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price objective on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. TD Cowen lowered their price objective on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Barclays raised their price objective on shares of Chart Industries from $160.00 to $171.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Wells Fargo & Company dropped their price target on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 1st. Finally, The Goldman Sachs Group set a $180.00 price target on shares of Chart Industries and gave the stock a "neutral" rating in a research note on Wednesday, May 28th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Analysts LLC acquired a new position in Chart Industries during the fourth quarter worth about $25,000. Smartleaf Asset Management LLC grew its position in Chart Industries by 129.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock worth $31,000 after buying an additional 92 shares during the period. Global X Japan Co. Ltd. grew its position in Chart Industries by 142.9% during the first quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock worth $25,000 after buying an additional 100 shares during the period. Opal Wealth Advisors LLC acquired a new position in Chart Industries during the first quarter worth about $25,000. Finally, Fairway Wealth LLC acquired a new position in Chart Industries during the fourth quarter worth about $34,000.

Chart Industries Stock Performance

NYSE:GTLS opened at $142.60 on Friday. The company's 50-day moving average price is $148.97 and its 200-day moving average price is $169.08. The company has a current ratio of 1.51, a quick ratio of 1.21 and a debt-to-equity ratio of 1.18. The company has a market cap of $6.52 billion, a P/E ratio of 28.81, a P/E/G ratio of 0.55 and a beta of 1.71. Chart Industries has a twelve month low of $101.60 and a twelve month high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.02. Chart Industries had a net margin of 5.93% and a return on equity of 13.93%. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm posted $1.49 earnings per share. The company's revenue for the quarter was up 38.8% on a year-over-year basis. On average, sell-side analysts forecast that Chart Industries will post 9.02 earnings per share for the current fiscal year.

Chart Industries Company Profile

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.